PPR - CY
CY just barely cleared enough volume to qualify for a pocket pivot today.
The market staged a rally today on low volume. The fed's announcement on the end of QE2 was mushy at best as they remain divided on how to end it. And rest assured, there is indication from some of the fed members that if the economy takes a turn for the worse, QE3 is in the offing.
That said, the market does not like uncertainty so it is possible the market remains in a trendless state as it has for much of this year.
Keep your stops tight on any stocks you may play as this environment is fraught with higher than normal risk due to the action of leading stocks and the general market.
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